Thursday, 23 February 2012

Day Trading Wins

Looks like day traders are the ones that are not getting bored to death in these markets. Things are pretty quiet. Up until a couple of days ago, the stock indices were mono-directional: UP. Now we are consolidating and the market will break one way or the other, eventually.

In the mean time, we make our living taking the middle out of the daily ranges. Not a lot of cream but more than enough milk.

This morning in London time, the DAX did it's thing. It hit the VAL of yesterday's higher distribution and failed there. It then sold off big time. As of the writing of this post, we've almost touched the VAL of the bottom distribution of 17 Feb.

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